Center for Freedom and Prosperity Foundation
For Immediate Release
Monday, April 10, 2017
New “Economics 101” Video from CF&P Explains How Poor Nations Become Rich
(Washington, D.C., Monday, April 10, 2017) The Center for Freedom and Prosperity Foundation (CF&P) released today an “Economics 101” that explains the role of economic freedom in enabling developing nations to become prosperous.
Narrated by Abir Doumit from Lebanon, the mini-documentary highlights how growth is enabled by good rule of law, limited government, property rights, sound money, freedom to trade, and modest regulatory burdens. The video includes numerous real-world examples of success stories, such as the Asian tigers of Hong Kong and Singapore, as well as Chile, Ireland, Estonia, and Botswana. The video also highlights how international organizations like the IMF, the OECD, and the UN work to promote fiscal policies that are bad for growth.
Link to the video: https://youtu.be/
“The evidence overwhelming supports the adoption of classical liberal policies as the key to economic growth,” said CF&P Foundation President Andrew Quinlan. He added, “It’s alarming to see that US taxpayer dollars are going to international organizations that push policies which help keep billions from enjoying prosperity.”
“The video is a great tutorial on the policies that produce growth,” said Dan Mitchell of the Cato Institute, who also noted that “it exposes the pernicious role of international bureaucracies, which use their leverage and influence to push for high tax burdens and excessive levels of government.”
Narrated by Abir Doumit, this mini-documentary from the Center for Freedom and Prosperity Foundation outlines the public policy framework that is necessary for a poor nation to become a rich nation and includes several real-world examples. It also highlights how international bureaucracies hinder development by advocating onerous destructive fiscal policies, which is especially disturbing since today’s rich nations all made their big jumps to prosperity when government was very small and taxes were very low.
This new video is part of CF&P’s Economics 101 video series, which is designed to explain free market concepts, with particular emphasis on reaching students and young people. This is the twenty-fifth video in the series, which have combined for over 787,000 views.